Why is Vedant Fashions falling/rising?

As of 12-Sep, Vedant Fashions Ltd is currently priced at 730.00, reflecting a slight increase of 1.5 (0.21%). The stock is 3.23% away from its 52-week low and has underperformed its sector by 0.34% today. Over the past week, the stock has gained 0.70%, but it has seen a decline of 1.11% over the last month and a significant drop of 43.04% year-to-date. The company has a high management efficiency with a return on equity (ROE) of 30.19% and a low debt-to-equity ratio, which are positive indicators. However, the stock's long-term growth prospects appear poor, with net sales growing at an annual rate of only 6.75% and operating profit at 0.93% over the last five years. Additionally, the stock is trading at a premium compared to its peers, contributing to its recent underperformance.
In the broader market context, the stock's short-term return of 0.70% over the past week is notably lower than the Sensex's gain of 1.48% during the same period. This consistent underperformance against the benchmark, coupled with a decline in investor participation—evidenced by a 58.05% drop in delivery volume—suggests a lack of confidence among investors. Despite high institutional holdings at 20.99%, which typically indicate better analytical capabilities, the stock has struggled to generate positive returns, with a staggering 42.37% decline over the past year compared to the benchmark's modest loss of 1.28%. These factors collectively contribute to the stock's recent price movements and overall market sentiment.